![Centre Revises Nomination Rules for Bank Deposits, Lockers, and Safe Custody [Read Notification]](https://images.taxscan.in/h-upload/2025/10/28/500x300_2100575-nomination-rules-bank-deposits-safe-custody-lockers-rules-for-bank-deposits-taxscan.webp "Centre Revises Nomination Rules for Bank Deposits, Lockers, and Safe Custody [Read Notification]")
Centre Revises Nomination Rules for Bank Deposits, Lockers, and Safe Custody [Read Notification]
The Ministry of Finance (Department of Financial Services) issued Notification No. G.S.R. 790(E) dated October 27, 2025, announcing the Banking...
![Section 80P(4) of Income Tax Act bars S.80P(2)(d) deduction for Co-operative Bank Investments: Karnataka HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/250x150_2095399-income-tax-act.webp "Section 80P(4) of Income Tax Act bars S.80P(2)(d) deduction for Co-operative Bank Investments: Karnataka HC [Read Order]")
![RBI Bans Loans for Buying Gold and Silver, Allows Finance Only for Businesses Using them as Raw Material [Read Order]](https://images.taxscan.in/h-upload/2025/10/02/250x150_2093246-rbi-rbi-bans-loans-gold-and-silver-finance-only-for-businesses-taxscan.webp "RBI Bans Loans for Buying Gold and Silver, Allows Finance Only for Businesses Using them as Raw Material [Read Order]")
Denial of S.80P(2)(d) Deduction on Interest Income: ITAT Grants Deduction for Cooperative Banks and Savings Accounts [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) grants deduction under section 80P(2)(d) of Income Tax Act, 1961 on interest income from cooperative banks and savings accounts, overturning...
![Denial of S.80P(2)(d) Deduction on Interest Income: ITAT Grants Deduction for Cooperative Banks and Savings Accounts [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Deduction-on-Interest-Income.jpg "Denial of S.80P(2)(d) Deduction on Interest Income: ITAT Grants Deduction for Cooperative Banks and Savings Accounts [Read Order]")
Landmark Ruling: ITAT Mumbai Upholds Deduction Claim of Co-op Societies, Clarifies Co-op Banks Are Eligible for Tax Benefits Under Section 80P(2)(d) [Read Order]
In a significant decision, the Income Tax Appellate Tribunal (ITAT) Mumbai has ruled in favor of co-operative societies, allowing them to claim tax deductions under Section 80P(2)(d) of the Income...
![Landmark Ruling: ITAT Mumbai Upholds Deduction Claim of Co-op Societies, Clarifies Co-op Banks Are Eligible for Tax Benefits Under Section 80P(2)(d) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Landmark-Ruling-ITAT-ITAT-Mumbai-ITAT-Mumbai-Upholds-Co-op-Societies-Clarifies-Co-op-Banks-Co-op-Banks-Tax-Benefits-taxscan.jpg "Landmark Ruling: ITAT Mumbai Upholds Deduction Claim of Co-op Societies, Clarifies Co-op Banks Are Eligible for Tax Benefits Under Section 80P(2)(d) [Read Order]")
![Interest Income received from Co-Op Society/Banks entitled to Deduction u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Interest-Income-Deduction-Bank-Interest-Deduction-Section-80P-Income-Tax-Deduction-taxscan.jpg "Interest Income received from Co-Op Society/Banks entitled to Deduction u/s 80P(2)(d): ITAT [Read Order]")
Co-operative Society Entitled to Deduction u/s 80P(2)(d) of Income Tax for Deposits in Co-operative Banks: ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) allowed the appeal filed by the co-operative society and held that it was entitled to deductions under Section 80P(2)(d) of the Income...
![Co-operative Society Entitled to Deduction u/s 80P(2)(d) of Income Tax for Deposits in Co-operative Banks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Appellate-Tribunal-Section-80P2d-Section-80P2d-of-the-Income-Tax-Act-Co-operative-Society-Co-operative-Bank-TAXSCAN.jpg "Co-operative Society Entitled to Deduction u/s 80P(2)(d) of Income Tax for Deposits in Co-operative Banks: ITAT [Read Order]")
ITAT allows Deduction u/s 80P(2)(d) for Interest on Deposits with Co-operative Banks, Condones 9 Days Delay [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has allowed a deduction under Section 80P(2)(d) of the Income Tax Act, 1961, to Khedbrahma Taluka Primary Teachers Co-operative...
![ITAT allows Deduction u/s 80P(2)(d) for Interest on Deposits with Co-operative Banks, Condones 9 Days Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-ITAT-allows-Deduction-under-Section-80P2d-Income-Tax-Appellate-Tribunal-Co-operative-Banks-Taxscan.jpg "ITAT allows Deduction u/s 80P(2)(d) for Interest on Deposits with Co-operative Banks, Condones 9 Days Delay [Read Order]")
ITAT allows Claim of Deduction u/s 80P (2) (a) (i) in respect of Interest Earned from Credit Facilities extended to members including Nominal / Associate Members [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the claim of deduction under Section 80P (2)(a)(i) in respect of interest earned from credit facilities extended to members,...
